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Frequently Asked QuestionsHow does Guaranteed differ from "Net Branch" Companies? What type of professional is Guaranteed looking for? What type of training or education do you provide? How long does it take to get approved to open a Guaranteed Branch Office? Will someone guide me through the transition? Does Guaranteed have production quotas? Is there a capital contribution required to start-up? How are loan officers compensated? What type of support is offered throughout our partnership?
A. The quickest and easiest way to begin the
process of becoming a part of our family is to contact our Branch Development
Department, by clicking here, or calling us at (888) 572-3602 Ext. 245.
You will receive a complete Branch Manager Application package, and more
information on making the transition into the Guaranteed
Family. Q. How does Guaranteed differ from "Net Branch" Companies? A. Guaranteed provides a winning platform for all of our
Branches. As a Direct Endorsed Lender by the Department of Housing and
Urban Development, Guaranteed conforms to all required regulations pertaining to
certain branch arrangements. Guaranteed provides not only the
infrastructure you need to succeed, but we provide the support necessary to
ensure that you succeed. Since our inception, Guaranteed has prided itself
on working with and hiring professionals which creates a type of support you
cannot find at any other company. Guaranteed maintains the entrepreneurial
philosophy with a small business atmosphere, which is most noticed during our
Guaranteed Thursday morning nation-wide conference call. A. Support, Support, Support. These three words
are what separates Guaranteed from most other mortgage banking companies out
there. Sure, maybe you're looking for the "cheapest" company to do
business with, or maybe you want to be with someone who's licensed in 50
states. Quite frankly, you will get what you pay for.
Guaranteed Q. What type of professional is Guaranteed looking for? A. Guaranteed is not in the business of putting licenses
up on just anyone's wall. Each branch office of Guaranteed can pick up and
leave us any day of the week. Every office has the production, the sales
force, and the management to begin their own entity, but they choose to remain
with Guaranteed for a variety of reasons. Guaranteed actively looks for
professionals that could be in business for themselves any day of the week, but
want to join forces with an entity that provides an unquantifiable level of
support and services. All of our Branch Managers should have at least a
few years of mortgage experience, whether as a broker or banker, and some past
management experience. Loan Officers come in a variety of different
types, some with many years experience and others with only a few years of
experience. We urge potential Loan Officer candidates to check with us to
find the branch location nearest them that will most accommodate their level of
experience. Processor candidates should certainly be
experienced in the mortgage business, but Guaranteed does offer training out of
its Main Office for those less experienced. Please contact us for more
details and find out how Guaranteed fits you best. Q. What type of training or education do you provide? A. Speaking of training....Guaranteed provides a web-based training that will take you through all of the ins and outs of Guaranteed's core business. We will show you our entire process, and walk you through any questions that you might have. If you're like most successful people, and I'm sure if you're reading this you are, you'll be interested in reaching a higher level of education. Luckily...Guaranteed is a member of several associations which allow us (and you) to enjoy significant discounts in outsourced training and education courses, including regional/state seminars, and a whole host of compliance courses. We also offer a rigorous and extended training option known as “Guaranteed University". Each Branch Manager of Guaranteed is required to take (and
yes..pass) a Web-Based course on Preventing Mortgage Fraud. This course
costs you nothing except your time to take it, and educates our managers on the
real issues that can develop in our industry, showing you how to detect and
prevent fraud from happening right under your nose. Plus, you get another
certificate to hang on your office wall!! Q. When and how do we get paid? A. Ok, yes, this usually is the least frequently asked
question, but the most relevant one...Getting Paid! Guaranteed serves as a
source of income to hundreds of Agents and Employees all over the country.
And we've made it quite simple...all our managers
have to do is jump online and click on our automated payment system called QuickpayTM (which is
located on our Corporate Intranet Web-Site). Q. How long does it take to get approved to open a Guaranteed Branch Office? A.
Well, there is some paperwork involved, which we can't really fill out for
you. But once we have a completed package, we can have you approved in a
matter of weeks, depending of course on the state licensing requirements.
It's always good to plan approximately 30 days for a full and complete
transition. During these 30 days, your transition team will be helping you
and your office through a seamless transition. Q. Will someone guide me through the transition? A. Yes. Guaranteed will provide you with your own transition
team. The transition team will introduce you to Guaranteed's methods
of doing business and help you to successfully begin closing loans with
Guaranteed. Our Guaranteed team is available to you any day of the week at
any time in order to help facilitate a smooth transition. Q. Does Guaranteed have production quotas? A.
Guaranteed does not mandate that each office reaches a certain volume number,
but rather, Guaranteed wants to help you increase your business
exponentially. Our goal is to help build productive and successful
locations that adhere to the same business philosophies of Guaranteed. We
can achieve this success together, not by setting minimum quotas for each other,
but by reaching beyond our goals...as a team.
Q. Is there a capital contribution required to start-up? A.
Guaranteed does not require any initial capital contribution from its locations,
nor do we "nickel and dime" you on any fees.
Q. How are loan officers compensated? A. Loan
Officer compensation is negotiated at the branch level, while Guaranteed offers
templates of suggested commission structure.
Q. What type of support does Guaranteed offer throughout our partnership? A. Just like
during the transition, Guaranteed prides itself on service, both for its clients
and for its employees and agents. Guaranteed's family atmosphere is
conducive to consistent support. With consistent support for all our
location, Guaranteed offers multiple levels of support everyday of the
week. As an organization of dedicated mortgage professionals, Guaranteed
provides you with the advice and assistance of the most experienced and
knowledgeable individuals in the business. |
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